Dubai News

C opper HG-FT rose to within a whisker of 14-months highs on Tuesday, boosted by manufacturing data from China, easing fears of contagion from a debt crisis in Dubai and a weaker U.S. dollar. Benchmark copper on the London Metal...

The Canadian economy expanded 0.1 per cent in the third quarter, the first quarterly gain since the third quarter of 2008. Labour Minister Rona Ambrose is preparing legislation to order 1,700 locomotive engineers at Canada's biggest railway back to work....

The Abu Dhabi stock market suffered its biggest one-day fall today as the Dubai debt crisis continued to haunt the world's financial markets. Investors across the United Arab Emirates rushed to sell shares as soon as trading began, taking their...

Sydney Futures Exchange, the December share price index contract was 37 points higher at 4,633. In economic news on Monday, the Whitlam Institute holds a symposium on "Governing the Economy", featuring Treasury secretary Ken Henry and former Reserve Bank of...

The move was immediately welcomed by Peter Sands, the chief executive of Standard Chartered, the British bank thought to have the biggest exposure to Dubai. "The UAE central bank has acted decisively and pragmatically in announcing new liquidity measures today,"...

However, according to the company, there would be no impact of any such crisis owing to its dealing with the government there. "We don't foresee any payment risk since we are dealing with the government there," a company official said...The...

Finance Minister Korn Chatikavanij yesterday said Dubai World's default would not hit Thai exports to the Middle Eastern market, as other parts of the United Arab Emirates and the region remain economically sound. Chaiyaporn Nompitakcharoen, executive vice president for research...

However, the Finance Minister said some adverse effects on the Indian stock markets can be expected, as it happened yesterday (Friday). �Watchful and effective intervention at the appropriate time can avert some immediate crisis�but again I want to say that...